Breaking News Instant updates and real-time market news.

JWN

Nordstrom

$51.20

0.51 (1.01%)

15:04
05/17/18
05/17
15:04
05/17/18
15:04

Nordstrom options imply 8.6% move in share price post-earnings, above median historical move

Pre-earnings options volume in Nordstrom is 7.9x normal with calls leading puts 4:3. Implied volatility suggests the market is anticipating a move near 8.6%, or $4.37, after results are released. Median move over the past eight quarters is 5.8%.

  • 17

    May

  • 29

    May

JWN Nordstrom
$51.20

0.51 (1.01%)

02/08/18
KEYB
02/08/18
NO CHANGE
KEYB
Sector Weight
Amazon new denim brands a 'modest negative' for Gap/Nordstrom, says KeyBanc
KeyBanc analyst Edward Yruma notes that Amazon (AMZN) recently launched two premium private-label denim brands, namely Hale and Denim Crush. Importantly, the price points, details, and construction point to a foray into premium women's denim, he notes, adding that he thinks this is a "modest negative" for Gap (GPS) and Nordstrom (JWN). Yruma reiterates a Sector Weight rating on Amazon's shares.
03/05/18
BMOC
03/05/18
NO CHANGE
Target $55
BMOC
Market Perform
Nordstrom price target raised to $55 from $50 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Nordstrom to $55 despite the Q4 earnings miss, citing better than expected FY18 EPS outlook. The analyst states that he is positive on the management's view of 2018 as a "long-awaited inflection point" that will lead to the company leveraging its "generational' investments which previously weighed on earnings. Hood keeps his Market Perform rating on Nordstrom, adding that he could become more constructive on stock price pullback or if he sees "more material acceleration in sales".
03/06/18
EVER
03/06/18
NO CHANGE
EVER
Evercore sees high likelihood of Nordstrom take-private deal getting done
Evercore ISI analyst Omar Saad closed the 8.5% Nordstrom short position in his firm's model portfolio saying a potential leveraged buyout transaction at a price above $50 appears likely at this point. A stronger holiday season and consumer backdrop, coupled with lowered taxes in the U.S., have strengthened the case for the take private transaction and the ability to finance the added debt, Saad tells investors in a research note. He sees "enough room" for Nordstrom management and Leonard Green to increase the bid and still get the deal done. As such, the analyst sees a high likelihood of Nordstrom going private at a price above $50 per share. The stock in morning trading is up 18c to $52.08.
03/12/18
FBCO
03/12/18
INITIATION
Target $54
FBCO
Neutral
Nordstrom initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Binetti initiated Nordstorm with a Neutral rating and a price target of $54. The analyst states that the company has some advantages relative to its department store peers, having pivoted to e-commerce with 25% of total sales and value offerings at 33% of sales. However, Binetti also sees additional stock price upside as limited without improved visibility on a "potential Nordstrom family MBO".

TODAY'S FREE FLY STORIES

AIHS

Senmiao Technology

$5.10

-0.12 (-2.30%)

07:32
09/19/18
09/19
07:32
09/19/18
07:32
Hot Stocks
Senmiao Technology names Xiaoyuan Zhang as CFO, succeeding Rong Zhu »

Senmiao Technology…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NOK

Nokia

$5.62

0.125 (2.27%)

07:32
09/19/18
09/19
07:32
09/19/18
07:32
Upgrade
Nokia rating change  »

Nokia upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NEPT

Neptune Technologies

$4.26

0.045 (1.07%)

07:31
09/19/18
09/19
07:31
09/19/18
07:31
Hot Stocks
Neptune Technologies approves name change to Neptune Wellness Solutions »

Neptune Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BBY

Best Buy

$77.70

0.67 (0.87%)

, SEAS

SeaWorld

$31.20

0.02 (0.06%)

07:30
09/19/18
09/19
07:30
09/19/18
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

BBY

Best Buy

$77.70

0.67 (0.87%)

SEAS

SeaWorld

$31.20

0.02 (0.06%)

BGS

B&G Foods

$30.30

-1.25 (-3.96%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 06

    Nov

QCOM

Qualcomm

$74.73

1.48 (2.02%)

07:30
09/19/18
09/19
07:30
09/19/18
07:30
Recommendations
Qualcomm analyst commentary  »

Qualcomm price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

07:30
09/19/18
09/19
07:30
09/19/18
07:30
General news
Treasury Market Outlook: yields cheapened overnight »

Treasury Market Outlook:…

JMP

JMP Group

$5.31

0.015 (0.28%)

07:29
09/19/18
09/19
07:29
09/19/18
07:29
Conference/Events
JMP Group management to meet with Barrington »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

EGN

Energen

$79.34

1.2 (1.54%)

07:29
09/19/18
09/19
07:29
09/19/18
07:29
Downgrade
Energen rating change  »

Energen downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FDX

FedEx

$241.58

-14.22 (-5.56%)

07:27
09/19/18
09/19
07:27
09/19/18
07:27
Conference/Events
FedEx management to meet with Seaport Global »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

  • 21

    Sep

  • 24

    Sep

  • 03

    Oct

  • 04

    Oct

SBRA

Sabra Health Care

$23.32

-0.04 (-0.17%)

07:26
09/19/18
09/19
07:26
09/19/18
07:26
Initiation
Sabra Health Care initiated  »

Sabra Health Care…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IOTS

Adesto Technologies

$6.05

-0.05 (-0.82%)

07:26
09/19/18
09/19
07:26
09/19/18
07:26
Recommendations
Adesto Technologies analyst commentary  »

Adesto Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

  • 09

    Oct

NBIX

Neurocrine

$120.32

3.03 (2.58%)

07:25
09/19/18
09/19
07:25
09/19/18
07:25
Recommendations
Neurocrine analyst commentary  »

Cantor more confident in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

07:25
09/19/18
09/19
07:25
09/19/18
07:25
General news
FX Update: The dollar traded mostly softer »

FX Update: The dollar…

PGR

Progressive

$69.68

1.15 (1.68%)

07:24
09/19/18
09/19
07:24
09/19/18
07:24
Recommendations
Progressive analyst commentary  »

Progressive price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SIR

Select Income REIT

$20.53

-1.18 (-5.44%)

, GOV

Government Properties

$11.82

-0.885 (-6.97%)

07:23
09/19/18
09/19
07:23
09/19/18
07:23
Upgrade
Select Income REIT, Government Properties, Industrial Logistics Property Trust rating change  »

Morgan Stanley upgrades…

SIR

Select Income REIT

$20.53

-1.18 (-5.44%)

GOV

Government Properties

$11.82

-0.885 (-6.97%)

ILPT

Industrial Logistics Property Trust

$20.95

-0.82 (-3.77%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AZO

AutoZone

$732.74

-14.79 (-1.98%)

07:21
09/19/18
09/19
07:21
09/19/18
07:21
Recommendations
AutoZone analyst commentary  »

AutoZone's weaker…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

ATHN

Athenahealth

$135.25

-8.005 (-5.59%)

07:19
09/19/18
09/19
07:19
09/19/18
07:19
Recommendations
Athenahealth analyst commentary  »

Athenahealth price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ETFC

E-Trade

, SCHW

Charles Schwab

$50.63

0.31 (0.62%)

07:19
09/19/18
09/19
07:19
09/19/18
07:19
Upgrade
E-Trade, Charles Schwab, TD Ameritrade rating change  »

Jefferies upgrades…

ETFC

E-Trade

SCHW

Charles Schwab

$50.63

0.31 (0.62%)

AMTD

TD Ameritrade

$55.42

0.24 (0.43%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Oct

AOS

A.O. Smith

$59.31

-0.12 (-0.20%)

07:18
09/19/18
09/19
07:18
09/19/18
07:18
Recommendations
A.O. Smith analyst commentary  »

A.O. Smith site tour…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BAC

Bank of America

$30.22

-0.05 (-0.17%)

, C

Citi

$71.38

0.49 (0.69%)

07:16
09/19/18
09/19
07:16
09/19/18
07:16
Recommendations
Bank of America, Citi, CIT Group, Goldman Sachs analyst commentary  »

U.S. banks 'in very…

BAC

Bank of America

$30.22

-0.05 (-0.17%)

C

Citi

$71.38

0.49 (0.69%)

CIT

CIT Group

$52.89

-0.35 (-0.66%)

GS

Goldman Sachs

$228.95

1.19 (0.52%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

  • 20

    Sep

  • 23

    Sep

  • 25

    Sep

  • 25

    Sep

  • 27

    Sep

  • 21

    Oct

  • 14

    Jan

  • 15

    Apr

  • 13

    Jul

  • 12

    Oct

07:15
09/19/18
09/19
07:15
09/19/18
07:15
General news
Oil Action: Front-month WTI crude prices are near net unchanged »

Oil Action: Front-month…

VLKAY

Volkswagen

$0.00

(0.00%)

, F

Ford

$9.58

0.025 (0.26%)

07:13
09/19/18
09/19
07:13
09/19/18
07:13
Hot Stocks
EU passenger car registrations up 10.5% in July, up 31.2% in August »

In July, demand for new…

VLKAY

Volkswagen

$0.00

(0.00%)

F

Ford

$9.58

0.025 (0.26%)

TM

Toyota

$125.06

2.6 (2.12%)

NSANY

Nissan

$0.00

(0.00%)

HMC

Honda

$29.69

0.725 (2.50%)

GM

General Motors

$35.11

0.09 (0.26%)

FCAU

Fiat Chrysler

$17.62

0.17 (0.97%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LGND

Ligand

, VKTX

Viking Therapeutics

$19.47

9.07 (87.21%)

07:13
09/19/18
09/19
07:13
09/19/18
07:13
Recommendations
Ligand, Viking Therapeutics analyst commentary  »

Ligand price target…

LGND

Ligand

VKTX

Viking Therapeutics

$19.47

9.07 (87.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

  • 01

    Oct

  • 06

    Nov

ATVI

Activision Blizzard

$79.64

0.76 (0.96%)

, EA

Electronic Arts

$112.66

-0.03 (-0.03%)

07:12
09/19/18
09/19
07:12
09/19/18
07:12
Recommendations
Activision Blizzard, Electronic Arts, Take-Two, Ubisoft, Zynga analyst commentary  »

KeyBanc says buy shares…

ATVI

Activision Blizzard

$79.64

0.76 (0.96%)

EA

Electronic Arts

$112.66

-0.03 (-0.03%)

TTWO

Take-Two

$132.69

1.19 (0.90%)

UBSFY

Ubisoft

$0.00

(0.00%)

ZNGA

Zynga

$4.03

0.08 (2.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Sep

  • 30

    Oct

BYSI

BeyondSpring

$25.55

-0.45 (-1.73%)

07:11
09/19/18
09/19
07:11
09/19/18
07:11
Hot Stocks
BeyondSpring granted new patent for Plinabulin by USPTO »

BeyondSpring announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.